Mr. Greg Smith reports

EQUINOX GOLD PRODUCES 564,500 OUNCES OF GOLD IN 2023, REPORTS 155,000 OUNCES OF GOLD PRODUCED IN FOURTH QUARTER

Equinox Gold Corp. recorded its strongest production quarter for the year with 155,000 ounces of gold produced in the fourth quarter of 2023, and achieved consolidated production guidance with total production of 564,500 ounces of gold during 2023. The company ended the year with approximately $192-million in cash and equivalents. All figures are in United States dollars, unless otherwise indicated.

The 2023 production and cash balance information is preliminary and subject to change. The company will release its Q4 2023, and audited annual 2023, financial and operating results, along with its 2024 production and cost guidance, in late February.

Greg Smith, president and chief executive officer of Equinox Gold, commented: "Strong fourth-quarter results capped off a good year for Equinox Gold. With 564,500 ounces of gold produced, we achieved our full-year production guidance. We also continued to advance Greenstone on budget and on schedule. Installation activities were effectively complete at Dec. 31 and commissioning is under way to pour gold in the first half of 2024.

"We ended the year with approximately $192-million in cash and equivalents, $165-million available to draw on our revolving credit facility plus another $100-million undrawn accordion feature, and equity investments with a market value of approximately $123-million."

Two thousand twenty-three production summary

Production increased during Q4 2023 to 155,000 ounces of gold, the strongest production quarter for the year. Full-year production of 564,500 ounces of gold was within production guidance of 555,000 ounces to 625,000 ounces of gold. Equinox Gold will provide additional discussion and analysis regarding its full-year and Q4 2023 production results when the company reports its audited Q4 2023, and annual 2023, financial and operating results in late February.

About Equinox Gold Corp.

Equinox Gold is a growth-focused Canadian mining company operating entirely in the Americas. The company has seven operating gold mines in the United States, Mexico and Brazil, is commissioning a new mine in Canada that is on target to pour first gold in H1 2024, and has a path to achieve more than one million ounces of annual gold production by advancing a pipeline of expansion projects.

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